Tips with IRS: How to prove material participation #realestatetaxes

973 views9 months ago1m 5sScore: 78

Lydia Patel

Regulations & Compliance
intermediate
Tax Strategy
Bookkeeping

Summary

To prove material participation for STR tax purposes, hosts need to document their activities and time spent on the property. This can be achieved by using smart locks with unique codes for each service provider to track their entry and exit times and ensure accurate record-keeping to demonstrate the hours worked relative to others.